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DIGITAL ECONOMY TAXATION

DIGITAL ECONOMY TAXATION

DIGITAL ECONOMY TAXATION Globally, Digital Economy  Taxation serves as a key instrument for fiscal stability. In the real sector, governments impose taxes on veritable goods and services to generate revenues for national development. Recent advancements in technology have, however, created…

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FORM A REQUIREMENT

FORM A REQUIREMENT It is an application form designed by Central Bank of Nigeria to pay for service transactions (invisible trade) The form allows customers to purchase funds at the CBN or interbank rate to make payments for eligible services…

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Tax Avoidance And Evasion

Tax Avoidance and Evasion

TAX AVOIDANCE AND EVASION There are a number of benefits to paying taxes but people still try to cheat the government by not paying. Tax evasion and Tax avoidance are two concepts that are similar and sometimes used interchangeably. In…

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WHAT IS TAX LIABILITY?

Tax liabilities are current liabilities which are treated as short-termdebts that must be paid within a year. Generally, you incur shorterm liabilities from normal business operations. Failing to pay a Tax  debt can result in back taxes, a tax lien, penalties,…

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